Which of the Following S the Lowest Level of the SFAS

question 19

Multiple Choice

Which of the following s the lowest level of the SFAS 157 FASB ASC 820) fair value hierarchy?

• A)Unobservable inputs that are corroborated by observable market data)
• B)Unobservable inputs that are not corroborated by observable market data)
• C)Observable market-based inputs or unobservable inputs that are corroborated by market data)
• D)Quoted market prices for identical assets or liabilities in active markets

---

Definitions:

Depth Symbol

A notation used in technical drawings to specify the depth of a feature, such as a hole or recess.

General-use Section

A common or standard section of documentation that can be applied across multiple types of projects or products, detailing widespread regulations or specifications.

Counterbore

A cylindrical flat-bottomed hole that enlarges another hole, typically to allow a screw or bolt head to sit flush with or below the surface of a material.

Spotface

A machined flat surface around a hole, usually to provide a seating area for a fastener head or washer.